I know most of you think that trading psychology is just bogus stuff that has no value, but let me assure you that I was never profitable with the TFA Sniper until I understood all the core things to watch out for in building a proper psychologically sound trading frame of mind.
There are many trading psychology books worth reading, and I can recommend close to 5 of them. However, for newly starting traders, I recommend “Trading In The Zone” by Mark Douglas as it’s a truly comprehensive book to get your mind in the right frame.
I cannot stress the importance of reading these books and urge you to read them before trading the TFA Sniper. After reading them, you can head back to our definitive guide on forex scalping strategies with a renewed understanding of how it is just so simple to be profitable in forex – all you have to do is turn the business of trading into a casino with the law of probabilities.
You can find a few well summarized versions of Trading In The Zone here :
I really urge everyone to take the time to read through the “Trading In The Zone” book because it honestly changed my life around. Since then I have went on to complete another 4 more books on trading psychology, but the single most important book that summarizes the simplicity of trading is best found in that book.
If you simply do not have the time, then go ahead and read the summaries above as they do their best in giving you the key juicy points on trading psychology. DO NOT TAKE THIS TOPIC ON TRADING PSYCHOLOGY LIGHTLY. I’ve seen some truly promising soldiers walk in here and only fail because they cannot accept their stop losses because of their inability to grasp the concept of trading being all a simple game of probabilities.